gk10002000 Posted January 30, 2020 Share Posted January 30, 2020 Sorry but the movie V for vendetta and how they used a virus in that movie comes to mind. Link to comment Share on other sites More sharing options...
White Christmas13 Posted January 30, 2020 Share Posted January 30, 2020 (edited) 6 hours ago, CNXexpat said: When the virus problem is solved the Baht will rise again. Well it hasn't dropped in relation to Australian dollars, still the same at 20.93 Edited January 30, 2020 by White Christmas13 Typo Link to comment Share on other sites More sharing options...
ravip Posted January 30, 2020 Share Posted January 30, 2020 (edited) 8 hours ago, Yadon Toploy said: Away with your racist nonsense pal. REALLY? Out of all the posts herein YOU find my post racist? A bunch of foreigners, living in a foreign land, wishing that very same land to fail in their economy is a good and humane wish that one can do with a clear conscious? The one and ONLY reason for that wish is to fill ones pocket with a small % of extra money? Did YOU have an iota of thought to what that would do to the poor natives? If you classify my post as 'racist' , please look up the dictionary and tell me as WHAT I could classify your post, my good friend! Edited January 30, 2020 by ravip Typo 2 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted January 31, 2020 Popular Post Share Posted January 31, 2020 13 hours ago, Tatman95 said: Bloody good news ,they might get the English going back there again not for an extra half or one baht on the pound ! 3 Link to comment Share on other sites More sharing options...
Popular Post robblok Posted January 31, 2020 Popular Post Share Posted January 31, 2020 9 hours ago, Yadon Toploy said: Away with your racist nonsense pal. He is not racist most foreigners are thinking they are so much better then the locals. While in reality they did nothing but get old and have a bit of money to retire here from a menial job. Then with the money they feel they can comment on the poor locals. You should just look at the Thaibashing going around. One Thai drives over an other Thai.. all Thai males are immature. One farang does something and it gets defended to the death. Anyway if the Chinese really stay away for a longer period it will be bad for the Baht. Good for tourists bad for the baht (can be good for Thailand) 3 1 Link to comment Share on other sites More sharing options...
Popular Post robblok Posted January 31, 2020 Popular Post Share Posted January 31, 2020 1 hour ago, ravip said: REALLY? Out of all the posts herein YOU find my post racist? A bunch of foreigners, living in a foreign land, wishing that very same land to fail in their economy is a good and humane wish that one can do with a clear conscious? The one and ONLY reason for that wish is to fill ones pocket with a small % of extra money? Did YOU have an iota of thought to what that would do to the poor natives? If you classify my post as 'racist' , please look up the dictionary and tell me as WHAT I could classify your post, my good friend! It can be worse just look at the class of people it attracts. My gf lives near Ploenchit and gets asked by foreigners on the street how much... What a quality group of tourists foreigners are. 3 Link to comment Share on other sites More sharing options...
30la Posted January 31, 2020 Share Posted January 31, 2020 17 hours ago, webfact said: investors are worried about the impact of China’s virus outbreak, leading to sales of the baht. And again it's the culprit Corona virus, you recognize that the explosion of the bubble Baht begins! Link to comment Share on other sites More sharing options...
Brickbat Posted January 31, 2020 Share Posted January 31, 2020 According to the IMF's real effective exchange rate calculations, which take into account Thailand's trade flows, the currency's already well overvalued. It's at the strongest by that measure since its crash in 1997, which triggered the Asian financial crisis.Oct 24, 2019 https://www.bloomberg.com › articles 1 Link to comment Share on other sites More sharing options...
mickey rat Posted January 31, 2020 Share Posted January 31, 2020 14 hours ago, Tatman95 said: Bloody good news ,they might get the English going back there again Well, they better bring their own 2.5PM pollution masks as the shops here have completely sold out. ???? Link to comment Share on other sites More sharing options...
hotchilli Posted January 31, 2020 Share Posted January 31, 2020 15 hours ago, Tayaout said: Like a Chinese depression? I like the sound of that Link to comment Share on other sites More sharing options...
Skeptic7 Posted January 31, 2020 Share Posted January 31, 2020 Whatever it takes! Link to comment Share on other sites More sharing options...
Popular Post zaZa9 Posted January 31, 2020 Popular Post Share Posted January 31, 2020 Im no economist , but I read where Chinese tourists account for about a third of all tourism , and tourism accounts for 12% of Thai GDP. Im assuming that means a total ceasement of Chinese visitation would affect the Thai economy by -4% ? If thats so , I guess its reasonable to expect that a lower Thai GDP may affect the bahts exchange rate . But we have to remember that Chinese dont only visit Thailand. 15% of the Australian tourist market is Chinese , and places like Macau or HK would have their economies devastated if this problem should continue for a long time. And whayt happens when HK stops buying ? And so on.. So the affects may , just may , be way more complex than one first assumes. 4 Link to comment Share on other sites More sharing options...
joecoolfrog Posted January 31, 2020 Share Posted January 31, 2020 4 hours ago, ravip said: REALLY? Out of all the posts herein YOU find my post racist? A bunch of foreigners, living in a foreign land, wishing that very same land to fail in their economy is a good and humane wish that one can do with a clear conscious? The one and ONLY reason for that wish is to fill ones pocket with a small % of extra money? Did YOU have an iota of thought to what that would do to the poor natives? If you classify my post as 'racist' , please look up the dictionary and tell me as WHAT I could classify your post, my good friend! The obvious flaw in your argument is that a weaker baht would in all probability help the ' poor natives'. 1 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted January 31, 2020 Popular Post Share Posted January 31, 2020 4 hours ago, ravip said: The one and ONLY reason for that wish is to fill ones pocket with a small % of extra money? Did YOU have an iota of thought to what that would do to the poor natives? Can't see the value of the Baht having any effect on the poor locals. They don't buy imported goods, they don't holiday overseas. 3 Link to comment Share on other sites More sharing options...
ThaiBunny Posted January 31, 2020 Share Posted January 31, 2020 (edited) 6 minutes ago, zaZa9 said: Im no economist , but I read where Chinese tourists account for about a third of all tourism , and tourism accounts for 12% of Thai GDP. Im assuming that means a total ceasement of Chinese visitation would affect the Thai economy by -4% ? Only if Chinese tourists spend, per head, the average of all the other tourists spend who visit Thailand. If they spend only half of what the average non-Chinese tourist spends then the economy is impacted only 2% (and even that's more a guess than anything else). I saw a piece in an Aussie paper yesterday describing the financial sufferings of Chinese tour operators who had already prepaid hotel rooms and flights, both to Australia and within Australia, and could not get refunds. Essentially that's "free" money the Australian hotels and the airlines have got, so try factoring that into your pluses and minuses for the national economy and the exchange rate Edited January 31, 2020 by ThaiBunny 1 Link to comment Share on other sites More sharing options...
Popular Post Rookiescot Posted January 31, 2020 Popular Post Share Posted January 31, 2020 17 hours ago, Tatman95 said: Bloody good news ,they might get the English going back there again How would that be good news? ???? 2 3 Link to comment Share on other sites More sharing options...
Mavideol Posted January 31, 2020 Share Posted January 31, 2020 20 hours ago, webfact said: The impact of the coronavirus outbreak is seen as cutting into Thailand's current account surplus which in recent years had resulted in a relatively large surplus and pushed up the baht. This had caused concern among exporters who blamed the stronger baht for the slump in exports. someone's misfortunes may be others fortunes.... keep lowering the surplus Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted January 31, 2020 Popular Post Share Posted January 31, 2020 This could be just the beginning. You have a very toxic mix here, with the worst air in a generation, combined with a new and unknown virus, and an administration as incompetent as any the nation has ever seen. Who knows what could happen? 3 2 Link to comment Share on other sites More sharing options...
ravip Posted January 31, 2020 Share Posted January 31, 2020 10 minutes ago, BritManToo said: Can't see the value of the Baht having any effect on the poor locals. They don't buy imported goods, they don't holiday overseas. 14 minutes ago, joecoolfrog said: The obvious flaw in your argument is that a weaker baht would in all probability help the ' poor natives'. 10 minutes ago, BritManToo said: Can't see the value of the Baht having any effect on the poor locals. They don't buy imported goods, they don't holiday overseas. Really? The exchange rate is effecting ONLY the price of imported goods and holidays overseas? I am no Economist, either. But this pattern of thinking is extraordinary! Falling of a currency = A prosperous economy! Yes, obviously a flaw exists in my argument (of course according to yours theory)!!! 555 555 2 Link to comment Share on other sites More sharing options...
ravip Posted January 31, 2020 Share Posted January 31, 2020 2 minutes ago, spidermike007 said: This could be just the beginning. You have a very toxic mix here, with the worst air in a generation, combined with a new and unknown virus, and an administration as incompetent as any the nation has ever seen. Who knows what could happen? Maybe the reason for all the foreigners to exit Thailand? The best ever that could happen! 2 1 Link to comment Share on other sites More sharing options...
Grumpy John Posted January 31, 2020 Share Posted January 31, 2020 15 hours ago, teatime101 said: I don't know about other countries, but Australia had around 450 deaths from the flu last year. Fewer than 200 deaths in a country of well over one billion would suggest it's not time to panic yet. Don't worry to much, on the scale of it I am slightly miffed. Still a few staged to go before we hit the " Panic" level......says the man with a good supply of rubber gloves, masks, antiseptic hand wash and disposable 3M suits. 1 Link to comment Share on other sites More sharing options...
Popular Post Tayaout Posted January 31, 2020 Popular Post Share Posted January 31, 2020 34 minutes ago, ravip said: Really? The exchange rate is effecting ONLY the price of imported goods and holidays overseas? I am no Economist, either. But this pattern of thinking is extraordinary! Falling of a currency = A prosperous economy! Yes, obviously a flaw exists in my argument (of course according to yours theory)!!! 555 555 Falling currency increase export and thus employment. 3 1 Link to comment Share on other sites More sharing options...
ravip Posted January 31, 2020 Share Posted January 31, 2020 18 minutes ago, Tayaout said: Falling currency increase export and thus employment. May ALL the worlds currencies fall! Unemployment will disappear and economies will be at a super high level. And the humans will happily live ever after... (The secret formula is out) 1 1 Link to comment Share on other sites More sharing options...
BritManToo Posted January 31, 2020 Share Posted January 31, 2020 (edited) 1 hour ago, ravip said: Really? The exchange rate is effecting ONLY the price of imported goods and holidays overseas? I am no Economist, either. But this pattern of thinking is extraordinary! What prices do you think have changed for poor Thai families? Give a detailed list? Edited January 31, 2020 by BritManToo typo Link to comment Share on other sites More sharing options...
CGW Posted January 31, 2020 Share Posted January 31, 2020 10 minutes ago, BritManToo said: What prices do you think has changed for poor Thai families? Link to comment Share on other sites More sharing options...
Tayaout Posted January 31, 2020 Share Posted January 31, 2020 (edited) 18 minutes ago, ravip said: May ALL the worlds currencies fall! Unemployment will disappear and economies will be at a super high level. And the humans will happily live ever after... (The secret formula is out) Not all countries depends on export. This is the case for Thailand and they also depend on tourism. Lower exchange rate also increase tourism. https://www.investopedia.com/articles/investing/100813/interesting-facts-about-imports-and-exports.asp Edited January 31, 2020 by Tayaout 2 Link to comment Share on other sites More sharing options...
thisisrascal Posted January 31, 2020 Share Posted January 31, 2020 24 minutes ago, Tayaout said: Not all countries depends on export. This is the case for Thailand and they also depend on tourism. Lower exchange rate also increase tourism. https://www.investopedia.com/articles/investing/100813/interesting-facts-about-imports-and-exports.asp This. It's really basic stuff. Link to comment Share on other sites More sharing options...
hobobo Posted January 31, 2020 Share Posted January 31, 2020 22 hours ago, yokat said: I'll celebrate when the thb/eur goes over 37 again, this is where it was when I first moved in. I also have a few large expenses coming soon so I'll gladly save a few % on my money transfers Personally I preferred it back in late 2013/early 2014 when I got over 45 Baht to 1 € 1 Link to comment Share on other sites More sharing options...
ravip Posted January 31, 2020 Share Posted January 31, 2020 (edited) 1 hour ago, BritManToo said: What prices do you think have changed for poor Thai families? Give a detailed list? In real, no 'detailed' list is required. Looking at the 'big picture' there are no separate special manufacturers for the poor or the rich. When the currency value goes down, basically the expense for the government goes up. Fuel, fertiliser, raw materials etc. All this additional expenses will trickle down to the poorest of the poor - even to the beggar on the road side. Do you think the price of the basic food is the same as, say, 2 years ago? NO! The price of basic food stuff has gone up. Medicine? Cloths? Attracting tourists in 'numbers' is useless! It is like attracting flies to your dinner table - more harm done than good. Maybe, the Thai immigration has got wiser on that! Many foreigners come with a few $100 in their pockets and try to live a couple of months! Sometimes, they even resort to stealing or selling drugs, etc. - NO...these tourists are better in their home country, rather than in ANY foreign country! Yes, tourism is good - but what a country need is good, high spending quality tourists - not ones who cry and whimper for the sake of 20 Bahts and hate the host country, its people, religion and culture! Leave ALL aside... just read the posts on this thread. It sure reflects how hard the 'rise' of the Baht had hit the poor foreigners at their Achilles heel - they are helpless, desperate with no light at the end of the tunnel Even wishing the country would be seriously effected by the corona virus! Imagine, the type of foreigners Thailand is hosting! Did you once ever think from that angle? YES! I agree 100% - Thailand should STRONGLY encourage quality tourists NOW, not the ones who would be a burden to the country. Add The value of a currency, in turn, is one of the biggest determinants of a nation’s economic performance. Edited January 31, 2020 by ravip Add 2 Link to comment Share on other sites More sharing options...
BritManToo Posted January 31, 2020 Share Posted January 31, 2020 35 minutes ago, ravip said: Looking at the 'big picture' there are no separate special manufacturers for the poor or the rich. When the currency value goes down, basically the expense for the government goes up. Fuel, fertiliser, raw materials etc. All this additional expenses will trickle down to the poorest of the poor - even to the beggar on the road side. Fuel for my m/c was 33bht/l when I first arrived in 2009. Yesterday I paid just under 25bht/l. My apartment was 5000bht/month in 2009, today I can rent that same apartment for the same price. You're posting nonsense. Link to comment Share on other sites More sharing options...
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